The London-based rating agency Fitch has downgraded European Union members Estonia, Latvia and Lithuania and maintained a negative outlook, citing large current account deficits.
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On 6 September, the 13th international exhibition of food, beverages, food processing, technologies, packaging, public catering, hotel and shop equipment and service, “Riga Food 2008”, came successfully to an end; 602 companies from 37 countries participated in this exhibition. A total of 40, 170 people attended the exhibition. Professional visitors registered at the exhibition represented 42 countries. The wide range of products and services offered by foreign companies was displayed at 17 national collective stands.
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This year from September 3 to 6 in the International Exhibition Centre in Kipsala already 13th international exhibition of food, beverages, food processing, technologies, packaging, catering, hotel and shop equipment, and service “Riga Food 2008” will take place. For the moment already more than 400 companies from 25 countries of the world have applied for participation in the exhibition.
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Drinks as thirst quenchers? They are far more than this, according to the German futurologist Matthias Horx. He thinks drinks are lifestyle. Luxury and sustainability are no longer contradictory. For example, a person who enjoys smoothies doesn’t show he is too lazy to snip fruit, but demonstrates spirit of the times, humour and style! According to Horx, drinks will be successful in future if they are presented as “pleasant personalities” and meet the consumers’ desire for health and activity – just like the fruity drink snacks in the handy container for a vitamin boost between times.
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Latvia’s economic growth is among the fastest in the world, with GDP growing 10% in 2007 after 12% growth in 2006. The consensus estimate is that GDP will grow 7-8% in 2008. Growth has been stimulated by domestic demand driven by fast wage growth and private borrowing, boosting consumer price inflation
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Immigrants from Eastern Europe have changed Britain by looking for work across the country, not just in traditional centres such as London and the South East, a study has found.
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Strong economic growth, with GDP growing over 7.5% per year on average for the last seven years, is pushing all real estate prices toward Western European levels. Land is no exception. As residential prices grow by 10-25% annually, and commercial rents continue their steady climb, Ober-Haus Real Estate Advisors sees land prices continuing their upward rise.
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The Latvian waste disposal firm L&T Hoetika has invested €2 million in the installation of a new sorting line that ought to reduce waste quantity.
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Careless translations of labels for imported and multinational products often hit smaller nations hardest. This can be more than just frustrating if the information the consumer is trying to understand relates to medicine dosage. In some countries the original label is usually obscured under a translated version for the local market. After a series of dangerous mistranslations, Latvians are learning that it is sometimes worthwhile digging deeper.
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